Best Crypto Exchanges Belgium

Top Crypto Apps in Belgium

Our experts have crafted a rigorous evaluation system to pinpoint and rank the leading crypto trading platforms available to investors in Belgium. This comprehensive analysis focuses on crucial elements like Euro payment methods, pricing structures, user-friendliness, support for the Dutch and French languages, robust security measures, and functionalities. After an exhaustive review, we're delighted to unveil the top five crypto exchanges in Belgium.

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1. eToro

eToro is widely recognized as the best crypto exchange in Belgium due to its easy-to-use platform and extensive selection of cryptocurrencies and other financial instruments such as stocks, ETF, and commodities. As a global platform, it can be used in 19 languages, including French, Dutch, and German, making it ideal for investors in Belgium. eToro's social trading features allow users to learn from experienced traders and even mimic their trading strategies through the copy trading feature. These features and services have made eToro an ideal choice for Belgian investors.

• Minimum Deposit: $50 EUR.
• Supported Tokens: 80+ Cryptocurrencies & 3000+ other assets.
• Language Options: French, Dutch, German & 16 other languages.‍
• EUR Funding Method: Credit Card, Debit Card, PayPal, Neteller, Skrill, Trustly, Klarna & Bank Transfer.

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‍2. Uphold‍

Uphold takes the second spot in Belgium's crypto exchange rankings, largely owing to its transparency and security features. Its commitment to security is exemplary, employing state-of-the-art encryption and cybersecurity measures to ensure user funds and data are well protected. Additionally, the exchange undergoes frequent external audits to provide proof of reserves. The platform's reputation for transparency and security makes it a trusted choice among Belgian users, elevating it to the number two spot in the country's cryptocurrency exchange rankings.

• Minimum Deposit: $20 EUR.
• Supported Tokens: 250+ Cryptocurrencies & 100+ other assets.
• Language Options: English & Spanish.‍
• EUR Funding Method: Debit/Credit Card, SEPA, Google Pay, Apple Pay, & Bank Transfer.

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3. Kraken

Kraken, ranking third in Belgium, is the preferred choice for institutional-level investors. Its advanced trading features, including margin and futures trading, cater to more experienced traders and large-scale investors. Kraken provides deep liquidity, ensuring that large orders can be filled quickly without significant price slippage. Additionally, its robust security measures and regulatory compliance across multiple jurisdictions make it a safe and reliable platform for high-value transactions, solidifying its position as Belgium's third-best cryptocurrency exchange.

• Minimum Deposit: £20 GBP.
• Supported Tokens: 200+ Cryptocurrencies.
• Language Options: French, German & 8 other languages.
• EUR Funding Method: Debit/Credit Card, Bank Transfer, SEPA & Easy Bank.

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4. Bybit

Bybit is widely considered the best derivatives exchange globally and the fourth best option in Belgium with its exemplary futures trading platform. Bybit's strong technological infrastructure allows for high-speed transactions, making it a favorite among traders looking to capitalize on short-term market fluctuations. The platform provides a wide range of futures contracts, which are particularly popular among advanced traders as it offers up to 100x leverage. Its cutting-edge matching engine, capable of handling 100,000 transactions per second, guarantees reliability even during peak trading times.

• Minimum Deposit: $10 EUR.
• Supported Tokens: 850+ Cryptocurrencies.
• Language Options: French, German & 20 other languages.
• EUR Funding Method: Credit/Debit Card, Bank Transfer, SEPA, Easy Bank, Giropay, Maestro & Google Pay.

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5. Binance

Binance, the fifth-ranked crypto exchange in Belgium, distinguishes itself with its wide range of DeFi and NFT products. Binance users have access to a vast selection of cryptocurrencies, NFTs, and DeFi projects, allowing them to participate in the latest trends in crypto. Additionally, its NFT marketplace provides top-performing projects, including BAYC, World of Women, Azukis, Crypto Punks, and more. Binance's commitment to innovation and accessibility in these burgeoning areas of blockchain technology cements its place in Belgium's top five crypto exchanges.

• Minimum Deposit: $20 EUR.
• Supported Tokens: 350+ Cryptocurrencies.
• Language Options: French, German, Dutch & 38 other languages.
• EUR Funding Method: Bank Transfer, SEPA, Apple Pay, Google Pay & Credit/Debit Card.

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‍How Does the FSMA Regulate Crypto? 

The Belgian Financial Services and Markets Authority (FSMA) is key in regulating cryptocurrency exchanges within Belgium. It is charged with issuing licenses and ensuring these platforms comply with the existing legal guidelines. Consistent with international regulatory agencies, the FSMA enforces rigorous Anti-Money Laundering (AML) and Know Your Customer (KYC) rules to prevent illegal activities and enhance transparency in Belgium's cryptocurrency environment.

To operate within Belgium, exchanges must meet the stringent security requirements laid out by the FSMA. These safeguards are intended to protect both consumer information and financial assets from potential risks. Additionally, the FSMA places a strong emphasis on transparent and effective communication with users, aiming to build trust in Belgium's expanding cryptocurrency market.

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Do I Have to Pay Tax on Crypto in Belgium?

Absolutely, in Belgium, cryptocurrencies are classified as intangible assets rather than traditional forms of currency. The Belgian Federal Public Service Finance, often known simply as FPS Finance, oversees the taxation of digital currencies. For individual investors, cryptocurrencies are generally treated as speculative gains and are subject to a 33% tax rate. However, the tax implications can vary based on specific situations.

If you're involved in the active trading or mining of cryptocurrencies as a business endeavor in Belgium, the profits and losses you accrue are subject to corporate income tax. It's important to highlight that, unlike some other countries, Belgium does impose Value-Added Tax (VAT) on the conversion of cryptocurrencies to fiat money. Additionally, if you utilize cryptocurrencies to buy goods or services, standard VAT rates will apply to those transactions.

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Is Crypto Staking Legal in Belgium?

Yes, cryptocurrency investment and staking are legal in Belgium, owing to the nation's balanced view on digital currencies. Unlike restrictive policies seen in some countries, Belgium has developed a comprehensive set of regulations that focus on safeguarding investors, ensuring tax obligations are met, and mitigating unlawful activities.

Belgian residents can invest and stake various cryptocurrencies, such as Bitcoin and Ethereum, via approved and regulated platforms like Coinbase, Binance, and more. This balanced approach has not only cultivated a strong crypto environment within Belgium but has also positioned the country as a center for fintech innovation, attracting global investments into its financial sector.

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‍The Bottom Line

If you're a Belgian investor looking to delve into the cryptocurrency market, you must select a platform regulated by either the National Bank of Belgium or the FSMA. Our comprehensive analysis has identified top platforms that excel in various categories. eToro is the best overall option, offering a wide array of financial instruments and social trading features, followed by Uphold, Kraken, Bybit, and Binance.